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CRUDE_ CLM21 (June)

Weekly – In the new uptrend from mid December. Trade pressures are up. Volumes are bullish.

Daily  – Flat. In the retracement/consolidation between the 47.16 short entry and the prior high at 49.49. Trade pressures are up. Volumes are neutral.

The next target down is the short entry at 47.16.

A close above the 48.76 lower time frame resistance (2hr) would signal higher.

 

NAT GAS_ NGH21

Weekly – Lower highs since August. Trade pressures are down but rising. Volumes are neutral.

Daily – Flat. At the 2.47 target and consolidating. Trade pressures are up. Volumes are bearish.

The next target down is 1.83.

A close above 2.52 would signal a retracement move higher.